Roblox Soars 20%: Turning point for the Metaverse?
The company released its September metrics report, with a 57.8m DAU (+23% YOY) and 4b hours engaged (16% YOY). $RBLX rallied 20% after the news.
What're your thoughts on Roblox's user growth? Does this mean a turning point for the Metaverse?
Meta'Q4 earnings just shows a great difference to Snap, who post Q4 earnings one day ago. Since the whole ads industry is threatened by recession, Facebook still plays better.Q4 Earnings OverviewRevenue 32.165 billion US dollars, down 4% year-on-year, higher than the market consensus of 31.6 billion US dollars;Gross profit US $23.8 billion, down 13% year-on-year, lower than the market consensus of US $25 billion;EBIT US $6.4 billion, down 49% year-on-year, lower than the market consensus of US $7.9 billion.Bottom line is not excellent, with both COGS and operating expenses exceed market consensus. But the company also explained that rising COGS&nb
Riding the metaverse The metaverse concept has been a much debated one especially after Facebook reoriented their strategy last year so much so they even changed the company's name to reflect that. That is how much the management believed inthe way going forward and the future of the new world and economy. However, Facebook or should I call them $Meta Platforms, Inc.(META)$instead was never the first one to venture into the metaverse concept. There were other companies which had already created an ecosystem based on that concept, early adopters if you may so, and one of such company is $Roblox Corporation(RBLX)$. They have created a virtual environment which was already popular among the childr
RBLX price swings do give investits a chance to profit by scalping. This is to buy when prices dip and waiy for the rebound in the next upward move. News that its subvription level has gone up does not mean RBLX has turned aroind. Only a week or two ago, analysts were dumping the stock. Take care. This is a gaming stock, hence like any casino game, luck does play a part whether you make gain s or not.
Just market reaction to positive quarter for Roblox. Future for Metaverse still uncertain. Nfts have deteriorated in value already after initial hype. Inflation and oil worries need to be resolved first before market can have traction.
Roblox was one of the favorite metaverse stock . Cathie wood invested in it.the recent Roblox positive outlook should should give the sector a much needed boost for metaverse related counters.
Roblox is and will always be a stock for the future. Due to its popularity among gamers, especially the younger and future generation Just by looking at the amount of users, it's ever increasing. Great pick for the future!